Higgins Partnerships have begun work on over 90 homes in London.
The project also includes a new community centre, an estate office, two playgrounds, a games area and resident gardens.
The homes will consist of a range of studio, one, two, three and four bedroom homes across four buildings at the Islington estate. Half of the homes will be allocated to tenants of Islington Council.
Construction on the project started in January and completion is due for early 2025.
The progress on construction was celebrated by a 'spade in the ground' event. Commenting on the works, Chairman of the City of London Corporation's Community and Children's Services Committee, Ruby Sayed, said: "Today marks the start of a very exciting project, one that will deliver nearly 100 affordable homes for Londoners.
"High housing costs are a threat to the capital’s competitiveness and the ability of London’s businesses to attract and retain the workforce it needs.
"London's housing shortage is one of the most pressing social issues that we face. We have ambitious plans to develop many new homes on sites across the capital.
"The housing project at York Way Estate is an exciting one and will benefit residents for years to come."
Also commenting, Dominic Higgins, Operations Director for Higgins Partnerships said:"This development will provide much needed social rent homes for local people which are being built to achieve excellent 4 star Home Quality Mark, providing residents with low running costs and positive impacts on their health and wellbeing.
"As well as delivering the new homes we will be working closely with the local community to create employment and training opportunities through work placements and apprenticeships and also support those who are looking to retrain and build a career in the construction industry."
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